The Economic Times5h ago

Crypto’s Slow-Motion Selloff Leaves Traders Weary and Despondent

AI Market Summary

Crypto sentiment is pressured by roughly $3 billion of ETF outflows over three weeks and 10-year Treasury yields above 5%, signaling tighter financial conditions. Reports of nearly $20 billion in stablecoin balance outflows and liquidity concerns around the upcoming Anthropic IPO add to the weak backdrop. BTC has slid toward $62,000, its weakest since July, reinforcing cautious positioning.

Impact level

● High

Affected assets

BTC/USDT-1.64%

AI Insight · BTC/USDTAI Insight

▼ Bearish

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ETFs recorded about $3 billion in net outflows over the past three weeks. The 10-year US Treasury yield climbed above 5%. Market sentiment is weak with Anthropic’s IPO approaching.

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